The Financial Center

Open

The Financial Center is a central hub in Roseau, Dominica, housing several key financial institutions and government departments, including the Financial Services Unit (FSU) and the Office of the Prime Minister.

About The Financial Center

The Financial Center in Roseau, Dominica, is a significant landmark that hosts various financial institutions and regulatory bodies. The building is strategically located on Kennedy Avenue, providing a centralized location for essential financial services and regulatory oversight. The FSU, housed within the Financial Center, is Dominica's primary regulatory authority for non-commercial financial entities. This includes overseeing offshore banks, insurance companies, credit unions, and money service businesses.

The FSU plays a crucial role in maintaining the integrity and stability of Dominica's financial sector. It ensures that all regulated entities comply with anti-money laundering (AML) and counter-terrorism financing (CFT) regulations. The unit also conducts regular assessments and implements risk-based supervisory frameworks to enhance customer confidence and protect the financial system.

Key Functions

• Regulatory Oversight: Supervises various financial entities, ensuring compliance with local and international regulations.
• AML/CFT Compliance: Enforces strict anti-money laundering and counter-terrorism financing measures.
• Risk-Based Supervision: Implements effective supervisory frameworks to manage and mitigate financial risks.

Community and Economic Impact

• Financial Stability: By regulating key financial entities, the FSU helps maintain stability and confidence in Dominica's financial sector.
• Support for Development: The Financial Center facilitates various government and financial operations, contributing to the overall economic development of Dominica.

The Financial Center and the Financial Services Unit within it are vital to Dominica's financial health and regulatory framework, ensuring a stable and transparent economic environment.​